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Stock impact report

US Aluminum Buyers Hunt for Alternatives as Iran War Upends Global Supply [Yahoo! Finance]

Tredegar Corporation (TG) 
US:NYSE Investor Relations: tredegar.com/investors
Company Research Source: Yahoo! Finance
the war on Iran disrupts a major foreign source — a development that threatens to hike the cost of the metal used in auto parts, appliances and beverage cans. An effective halt on shipments through the Strait of Hormuz has already prompted two top producers in the region, Qatar and Bahrain, to suspend deliveries to customers. The US relies heavily on imports, with the Middle East supplying nearly a fifth of its aluminum last year, according to government data. Most Read from Bloomberg NYC Hudson Yards-Area Apartment Tower Sells for $129 Million Adding Up What Urban Highways Really Cost Supreme Court Preserves NY GOP-Held Congressional District In ‘Tehrangeles,' Iran's LA Diaspora Watches War From Afar NYC Congestion Pricing Program Can Continue, US Judge Rules Andy Massey of Bonnell Aluminum said the company, which molds aluminum into shapes that can be used in products including cars and construction materials, is looking to source the metal from markets such as India Show less Read more
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